Insurance need help!

[Aaliyah]

Hi guys..newbie here..anyway guys, can i have your advice regarding where to get a business insurance? coz im planning to establish a new one in our town..I have been surfing the net for good insurance, I came into http://www.insurancepaylite.com has anyone tried online insurance? how effective is the online quote system? can i depend my money on this? And i hope i can get any recommendations on what insurance to go through and what are you paying? I have been surfing the net to find a good and affortable business insurance which i can use..

thanks in advance.:)

[coolchef]

welcome to the cafe

wish i could help you but my knowledge is very limited on this subject

[washingtonweather]

having owned 2 businesses, and having had a major theft, I will say this. Be sure you are getting something that will come through in the end. There are rating companies that deal with everything from solvency to claim payoffs.

http://www.ambest.com/

check them out on the above website.

personally I would ony go with one f the top 10.

Edited September 11, 2006 by washingtonweather

[Jim]

I don't have any particular recommendations. We're using AEON, but I don't like them that much.

Are you aware of all the different types of business insurance you need to sort through? We have:

1. Fire and theft

2. Broken glass (required by the landlord)

3. Product liability (in case a customer sues us for a defective product)

4. Director's liability (in case someone sues a corporate director)

5. Liability (in case a visitor slips and breaks a leg.)

6. Workman's comp (in case an employee slips and breaks a leg.)

7. Vehicle liability (in case an employee, driving their own car on business for us, hits someone.)

8. Unemployment insurance for employees.

9. Employee dishonesty

10. Computer data loss.

And about 3 or 4 more that I can't think of. I dread going through the renewal process every year, trying to figure all this stuff out.

If you have any specific questions about all of these, please post it.

[Aaliyah]

Jim, Im from Minnesota, does AEON covers my state?

wish i could help you but my knowledge is very limited on this subject

its okay coolchef, i understand :)

[washingtonweather]

if you checcked it against the AMBEST site, they have no record of it. I would be wary. We used Farmer's frankly and were satified.

[BikerBabe]

Will give my usual advice here once again. Check out ANY company before you do business with them, sign a contract and give them your hard earned money. The best place I've found to hear from real people who've been ripped off by bad companies and individuals is: http://www.ripoffreport.com

Just use the search option the site has and type in the name of the company and see if there are any reports filed. Use your best judgement, there are always the few out there that will file a false report when angry, but if a lot of reports come up, then it's probably better to start looking for another company in the same line if business.

Never trust what you read or what their salesman tells you. Research and listen to people who have already done business with the company and make sure they received all the company claimed they had to offer their customers.

[excathedra]

wishing you the best Aaliyah

[Aaliyah]

Yah I'll check farmers. i heard good news also about them.:)

Yeah bikerbabe, you have a point there, thats what im doing right now, thanks for the tip.

Any other suggestions guys?

Aaliyah